Surveyor Indonesia, Sucofindo to start merger in March

Jumat, 22 Februari 2013 | 08:34

Merger process of two state-owned companies respectively PT Surveyor Indonesia and PT Sucofindo will be held starting March 2013, Semarang Branch manager of PT Surveyor Indonesia, Epi Darlis has said."Each team will record assets of both companies, in which the results will be discussed during general meeting of shareholders," Darlis said here on Thursday.

According to him, it was the state enterprises minister Dahlan Iskan`s initiative to merger the two state-owned companies.

The merger is conducted in an effort to enhance business of the two companies because both firms have similar business, expertise and market, he said.

"We have no idea whether Surveyor Indonesia or Sucofindo will be chosen as name after the two companies merged, or perhaps there will be a new name such as Bank Mandiri," Darlis noted.

Bank Mandiri is a new name for four merged banks namely Bank Bumi Daya (BBD), Bank Dagang Negara (BDN), Bank Export Import Indonesia (Bank EXIM) and Bank Pembangunan Indonesia (Bapindo).

Darlis said PT Surveyor Indonesia absorbed 4.4 percent share from PT Sucofindo, 10.4 percent from Societe Generale de Surveillace (SGS), and 85.12 percent from the Indonesian government.

PT Surveyor Indonesia, which was established in 1991, has offered several types of services among other things products certification, verification of imported/exported goods,

prices verification and estimation, industrial development consultancy, ecolable certification and the implementation of government programs monitoring.

Meanwhile, PT Sucofindo (Superintending Company of Indonesia) is a state-owned firm, in which its business covers among other things inspection, monitoring and assessment.

Some 95 percent of Sucofindo`s share is owned by government and the rest belongs to SGS.(*)